Sustainable Insight Capital Management LLC Sells 6,469 Shares of T-Mobile US, Inc. $TMUS

Sustainable Insight Capital Management LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.3% in the second quarter, Holdings Channel reports. The fund owned 28,833 shares of the Wireless communications provider’s stock after selling 6,469 shares during the period. T-Mobile US accounts for approximately 3.1% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Sustainable Insight Capital Management LLC’s holdings in T-Mobile US were worth $6,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. OneAscent Wealth Management LLC increased its holdings in shares of T-Mobile US by 10.7% in the second quarter. OneAscent Wealth Management LLC now owns 2,091 shares of the Wireless communications provider’s stock valued at $498,000 after purchasing an additional 202 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. increased its stake in shares of T-Mobile US by 16.5% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,845 shares of the Wireless communications provider’s stock worth $440,000 after acquiring an additional 261 shares during the last quarter. Modera Wealth Management LLC raised its holdings in shares of T-Mobile US by 62.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 706 shares during the period. Cetera Trust Company N.A boosted its position in shares of T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of T-Mobile US by 97.4% in the second quarter. Golden State Wealth Management LLC now owns 681 shares of the Wireless communications provider’s stock valued at $162,000 after purchasing an additional 336 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 1.8%

Shares of NASDAQ TMUS opened at $201.01 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $231.39 and its two-hundred day moving average is $237.52. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The firm has a market cap of $224.83 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $2.61 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,113,221 shares of company stock valued at $506,386,034 over the last ninety days. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMUS. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Wolfe Research reduced their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Cowen reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Barclays lowered their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, BNP Paribas Exane upped their price target on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $266.63.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.